Package Deal w/ SFRs and Duplexes - The Offer Would be LOW!

[Christina H.]

Hello BP! Newbie here. I've been crunching numbers at my computer the past several minutes - tell me what you'd do in this scenario:

-6 properties for sale (mix of SFRs and duplexes)

-Total asking price for all 6: $104,000

-Repair ranges (based on $15 [minor]-$20 [moderate]-$25 [major] per sq. ft. "quick" estimates):

$75,435 (min.) - $125,725 (max.) in repairs

-ARVs for all 6: $160,300

-My calculated MAO 1: $28,195 (with minimum repair estimate); MAO 2: $-21,530 (with maximum repair estimate).

A quick check at the county assessor's site shows the properties are more than 60 years old.

I would need to continue due diligence (mortgages, tax/other liens, etc.). 

What plan of action would you take in this scenario? No action is always a perfectly acceptable plan too...Thanks in advance for your input!

[Tchaka Owen]

@Christina H. - Based on your repair estimates, the total cost of purchase and repair is $179,435 - $229,725. You also said that the ARV = $160,300.

So you're asking what we'd do if being offered the chance to overpay $19,135 - $69,425? Did I get that right?